Proposed sports and entertainment arena in Seattle SODO neighborhood

King County and Seattle sign SODO arena legislation

Councilmembers joined Executive Dow Constantine, Seattle Mayor Mike McGinn and investor Chris Hansen at the Rainier Vista Boys and Girls Club October 16, 2012 for a celebration of the joint signing of the SODO arena legislation. The adopted legislation authorizes the city of Seattle and King County to enter into an memorandum of understanding (MOU) and interlocal agreement (ILA) with ArenaCo—the company representing arena investor Chris Hansen.

The adoption of the legislation is a major step toward building a new arena to house the Sonics and a potential hockey team.

The Seattle City Council adopted legislation containing an amended MOU and ILA. Because the terms approved by the city are not the same as those previously approved by King County, the County Council must review the new terms.

Proposed Ordinance 2012-0388.1 would adopt the version of the MOU and ILA adopted by the City of Seattle.

The County Budget and Fiscal Management Committee recommended adoption of Ordinance 2012-0388 as amended by Amendments 1 and B. The full County Council will review the amended ordinance on Oct. 15 at 1:30 p.m.(more details).